Home prices
The median home in Mountain Iron is valued at $144,500. This is approximately $66,080 (84%) higher in comparison to nearby areas.It is about $73,000 (33%) lower compared to the rest of the nation, and is roughly $18,800 (11%) lower in comparison to the city of Duluth.
Rents
In Mountain Iron the median rent is $550 per month. It is approximately $181 (24%) lower compared to nearby areas.Compared to the nation as a whole it is about $512 (48%) lower, and is about $270 (32%) lower in comparison to the city of Duluth.
Nearby places
Virginia
Virginia is Mountain Iron's neighbor to the east. Housing prices there are significantly less expensive. The median home value in Virginia is $92,200, which is $52,300 (56%) lower than Mountain Iron. Rent there is somewhat more expensive. In Virginia the median rent is $626 a month, which comes out to $76 (12%) higher than Mountain Iron.
Eveleth
Eveleth is Mountain Iron's neighbor to the southeast. Its housing prices are significantly less expensive. The median home in Eveleth is valued at $76,000, which is $68,500 (90%) lower than Mountain Iron. Its rents are somewhat more expensive. Eveleth's median monthly rent is $620, which comes out to $70 (11%) higher than Mountain Iron.
Kinney
Kinney is about 4 miles southwest from Mountain Iron. The real estate prices there are a lot less expensive. Kinney's median home value is $55,500, which comes out to $89,000 (160%) lower than Mountain Iron. Rents there are a lot more expensive. The median rent in Kinney is $950 a month, which comes out to $400 (42%) higher than Mountain Iron.
Buhl
Buhl is approximately 6 miles southwest from Mountain Iron. The real estate prices there are a lot less expensive. Buhl's median home price is $75,900, which comes out to $68,600 (90%) lower than Mountain Iron. Rents there are somewhat more expensive. The median rent in Buhl is $788 a month, which works out to $238 (30%) higher than Mountain Iron.
Gilbert
Gilbert is approximately 7 miles southeast of Mountain Iron. Its housing prices are significantly less expensive. The median home in Gilbert is valued at $92,500, which is $52,000 (56%) lower than Mountain Iron. Rents there are a little more expensive. The median monthly rent in Gilbert is $671, which works out to $121 (18%) higher than Mountain Iron.
